Risk-averse Investors Quickly Sold The Commodity Holdings

The July contract plummeted -3.8% to settle at 66.93 on expiration Monday as return of risk aversion about the unusually uncertain economic outlook triggered selloff of risky assets. The august contract slid -3.6% to close at 67.5 while others in the energy complex fell on broad-base with gasoline losing -3.4% and natural gas sliding -2.5%. Stock markets also declined. Anticipations that global recovery will come soon diminished after the World revised down its GDP forecasts to -2.9% and world